Memes can pump for two reasons:

1. There's not enough liquidity to keep pumping large-cap tokens, so the money flows into memes.

2. Bigger memes get listed on CEXs, leading CT to speculate that retail investors will start buying them in large volumes.

We saw the first scenario earlier this year and during the summer, while the second is happening in waves now and mostly ends up with huge retraces.

As long as tokens with multi-billion market caps are pumping 10-20-30% daily, memes won’t see significant pumps. During these times, it's worth focusing more on the big projects. https://ik.imagekit.io/lens/media-snapshot/be80ed040b328d8f769f0c569b08911e307b234574f5bc51e70d61d9294b49b6.jpg